The next ECB rate decision is on 29 October 2026, in 15 days.
The Governing Council of the European Central Bank decides on policy rates eight times a year, roughly every six weeks. The dates are fixed years in advance and come from the ECB’s official meeting calendar. A rate change takes effect on the Wednesday after the meeting.
For past dates, the table shows how the Council decided. For coming ones it shows the outcome markets currently consider most likely, provided the corresponding futures contract already trades. For the most distant dates it does not yet; they are listed anyway, because the date itself is fixed.
Upcoming rate decisions
| Date | Lead time | Most likely deposit rate | Probability |
|---|---|---|---|
| 29 October 2026 | in 15 days | 2.50% | 87% |
| 17 December 2026 | in 64 days | 2.75% | 77% |
| 4 February 2027 | in 113 days | 2.75% | 51% |
| 18 March 2027 | in 155 days | 3.00% | 46% |
| 29 April 2027 | in 197 days | 3.00% | 40% |
| 10 June 2027 | in 239 days | not yet traded | — |
| 22 July 2027 | in 281 days | not yet traded | — |
| 9 September 2027 | in 330 days | not yet traded | — |
| 28 October 2027 | in 379 days | not yet traded | — |
| 8 December 2027 | in 420 days | not yet traded | — |
| 16 December 2027 | in 428 days | not yet traded | — |
| 3 February 2028 | in 477 days | not yet traded | — |
| 23 March 2028 | in 526 days | not yet traded | — |
| 4 May 2028 | in 568 days | not yet traded | — |
| 8 June 2028 | in 603 days | not yet traded | — |
| 20 July 2028 | in 645 days | not yet traded | — |
| 7 September 2028 | in 694 days | not yet traded | — |
| 12 October 2028 | in 729 days | not yet traded | — |
| 6 December 2028 | in 784 days | not yet traded | — |
Past rate decisions
Outcome per the ECB’s official rate series; each change took effect on the Wednesday after the meeting.
| Date | Decision | Deposit rate after |
|---|---|---|
| 10 September 2026 | +25 bp | 2.50% |
| 23 July 2026 | No change | 2.25% |
| 11 June 2026 | +25 bp | 2.25% |
| 30 April 2026 | No change | 2.00% |